India and US trade deal nearing completion. US Deputy Secretary of State Christopher Landau confirmed the two nations are "very, very close" to finalizing a bilateral trade agreement after months of negotiations. Both sides need to overcome final hurdles before signing. The framework, announced in February, includes significant tariff reductions for Indian goods, with US tariffs dropping from fifty percent to eighteen percent. India seeks preferential market access as both countries target five hundred billion dollars in bilateral trade by 2030. However, a recent Supreme Court ruling against reciprocal tariffs has prompted India to recalibrate terms to protect its interests under the new global tariff framework. Landau emphasized the importance of reaching closure and moving forward with other agenda items between the two major economic powers.
Post from MarketNews_en
Log in to interact with content.